Funding you earn now, next payment 04:00 UTC−0.0206%/8h= −22.6% APRpaid last 24h −0.054%
Price spread now: OKX against MEXC−0.215%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$750.753% of the position
Funding, last 7 days−0.361%−$36 on $10k
+Price spread, last 7 days+0.146%+$15 · spread now −0.215%, 7d avg −0.036%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and OKX is 0.179% cheaper against MEXC than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.036%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC KSM_USDT | 4.6490 | 0.0100 | pay 0.0100% / 8h | 4h 22m | $750K | $243K | 20x |
| Short | OKX KSM-USDT-SWAP | 4.6390 | −0.0106 | pay 0.0053% / 4h | 22m 38s | $756K | $649K | 20x |
MEXC KSM_USDT
OKX KSM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$43.29
- Price spread: −0.215% → −0.036%
- −$17.89
- Slippage, 4 orders
- −$61.33
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$136.51
- Costs to cover
- 0.753%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 28 min ago; OKX: live order book, 33 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy MEXC live order book, 28 min ago | 2.17 bp | 11.4 bp −$11 | 39.4 bp −$394 | 426.6 bp −$42.7K | doesn't fit |
| Sell OKX live order book, 33 min ago | 5.42 bp | 25.5 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
KSM on 12 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_KSMUSD | −0.0287% | 1h | 4.6519 | +0.063% | $37K | $1K | 20x | as long as short |
| Variational Omni KSM | −0.0246% | 8h | 4.6316 | −0.373% | $456K | $38K | — | as long as short |
| OKX KSM-USDT-SWAPshort | −0.0106% | 4h | 4.6390 | −0.215% | $756K | $649K | 20x | |
| Binance KSMUSDT | +0.0100% | 8h | 4.6457 | −0.072% | $2.0M | $2.8M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6440 | −0.108% | $2.2M | $675K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6470 | −0.043% | $86K | $40K | 33x | as long as short |
| MEXC KSM_USDTlong | +0.0100% | 8h | 4.6490 | long leg | $750K | $243K | 20x | |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6450 | −0.086% | $518K | $38K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6490 | 0.000% | $488K | $218K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6400 | −0.194% | — | $2.4M | — | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
Binance KSMUSDT
Bybit KSMUSDT
Gate KSM_USDT
KuCoin KSMUSDTM
Bitget KSMUSDT
BingX KSM-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended KSM-USD | +0.0104% | 1h | 4.6449 | −0.088% | $78K | $319K | 5x | as long as short |
| BloFin KSM-USDT | +0.0116% | 8h | 4.6400 | −0.194% | $112K | $18K | 50x | as long as short |
Extended KSM-USD
BloFin KSM-USDT